Stock Market Winners & Losers: Markets Kick Off Final Month of 2024 | Online Shopping Black Friday & Cyber Monday Hit Records | Moana 2 Leads the Way on Record-Breaking Box Office
The S&P 500 hit a new record to kick off December trading, adding to strong YTD gains: Nasdaq (+28%), S&P 500 (+26.5%), Russell 2000 (+20.1%), and Dow Jones (+19.2%). Intel shares rose 3% as CEO Pat Gelsinger retired after years of underperformance.
Australia introduced the world’s strictest social media law, banning users under 16, with fines for companies reaching $32 million.
Thanksgiving weekend shattered records for spending and entertainment:
Black Friday: $10.8 billion online sales, doubling 2017 numbers.
Cyber Monday: Projected $13.2 billion.
Thanksgiving Box Office: $420 million, led by “Moana 2” ($221M), “Wicked” ($117.5M), and “Gladiator II” ($44M).
“Moana 2” exceeded expectations, driving the biggest Thanksgiving box office in history.
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